SherRon Marcek 
As a landlord, you may at some point be asked to write a tenant reference letter for one of your former tenants. You also might require your own tenants to provide a letter from one of their previous landlords. These letters help you decide whether a tenant is reliable when it comes to following the …
As a rental property owner, you’re likely at some point to run into a situation in which you need to send out a late rent notice to one of your tenants. It’s not a pleasant task, but the fact of the matter is that it must be done. Enforcing and encouraging on-time rental payments protects …
No landlord wants to struggle with poor-quality tenants — those who cause complaints from others, don’t pay rent on time or break clauses in your rental lease agreements. Among the best things you can do to protect yourself from less-than-ideal tenants is to sharpen your tenant screening process. One of the most useful parts of …
Late rent payments can really impact a small rental business. Here’s how to deal with late payments as a landlord. Late fees benefit landlords by encouraging tenants to make timely rent payments. They financially protect the landlord and encourage good payment habits among renters. While no landlord wants to be “the bad guy” by demanding …
Property owners who rent an individual property to multiple tenants often wonder how to split rent among roommates. This process is especially difficult when renters have different-sized rooms or diverse amenities. For example, one roommate may have a large room with its own bath, while another may have a smaller room with a shared bath. In …
Many landlords have moved their rental collection online and allow tenants to submit their payments through tenant payment portals. Portals can allow renters to easily pay rent with a credit card or debit card. The benefits of using a credit card to pay rent are numerous. There is less financial bookkeeping required, and payments appear …
Finding off-market properties is often a great way for real estate investors to purchase property at a price lower than what would be expected. Off-market properties are simply properties that aren’t publicly listed for sale on the local multiple listing service (MLS). Since they aren’t listed for sale, competition between buyers is low to non-existent. …
It’s harder than ever to make ends meet these days, so many American workers with full-time jobs are looking for inventive ways to supplement their salaries with passive income. Collecting rent is one of the easier ways to bring in extra money at an interval you can rely on. Even if you don’t own rental …
As a real estate investor, it’s important to examine all factors when you’re considering purchasing a property for investment purposes. Some of the most important considerations include property location, valuation, and taxation. Because of this, many investors choose to buy in states with the lowest property tax. All states impose a property tax on homes that …
As a landlord, it can be difficult to decide how to accept payments online from tenants. Common collection methods include setting up a tenant payment portal, using applications such as Zelle or Venmo, and collecting checks or cash payments. In today’s technology-forward society, most people lean towards making payments online. Landlords who continue to accept …
PayRent is on a mission to build a rent collection app that fosters a positive and productive relationship between renters and landlords. We focus less on transactions and more on the people behind them.
